Blackmon Accounting & Consulting, LC

Valerie Blackmon, PhD                                  Contact us at toll free at 1-866-506-7211
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Privileges and Responsibilities 

Exempt Organizations 501(c)(3) Privileges

  • Exemption from Federal Income Tax
  • Exemption from F.U.T.A.
  • Tax Deductibility for Donors
  • Eligible for Government & Foundation Grants
  • Eligible for Bulk Mailing Permit
  • Some B & O and Property Tax Exemptions
  • Gambling Permits
  • Credibility

Exempt Organizations 501(c)(3) Responsibilities

  • Keep Adequate Records
  • File Required Returns
  • Provide Donor Substantiation
  • Obey Disclosure Laws
  • Generate Public Support
  • Avoid "Excess Benefit"
  • Shun Political Activity
  • Limit Legislative Activity
  • Limit Unrelated Business Activity